Economic justice
From The Art and Popular Culture Encyclopedia
(Difference between revisions)
| Revision as of 19:36, 27 November 2017 Jahsonic (Talk | contribs) ← Previous diff |
Revision as of 19:37, 27 November 2017 Jahsonic (Talk | contribs) Next diff → |
||
| Line 1: | Line 1: | ||
| {{Template}} | {{Template}} | ||
| - | '''Fair division''' is the problem of dividing a set of [[Good (economics)|goods]] or [[resources]] between several people who have an [[entitlement]] to them, such that each person receives his/her due share. This problem arises in various real-world settings: | + | '''[[Justice]]''' in [[economics]] is a subcategory of [[welfare economics]] with models frequently [[Mathematical problem|representing]] the ethical-social [[social choice|requirements]] of a given theory, whether "in the large", as of a just [[social order]], or "in the small", as in the [[equity (economics)|equity]] of "how institutions distribute specific benefits and burdens". |
| - | auctions, [[divorce settlement]]s, electronic spectrum and [[frequency allocation]], airport traffic management, or exploitation of [[Earth Observation Satellite]]s. This is an active research area in [[Mathematics]], [[Economics]] (especially [[Social choice theory]]), [[Game theory]], [[Dispute resolution]], and more. The central tenet of fair division is that such a division should be performed by the players themselves, maybe using a [[mediation|mediator]] but certainly not an [[arbitration|arbiter]] as only the players really know how they value the goods. | + | ==See also== |
| - | + | * [[Constitutional economics]] | |
| - | There are many different kinds of fair division problems, depending on the nature of goods to divide, the criteria for fairness, the nature of the players and their preferences, and other criteria for evaluating the quality of the division. | + | * [[Cost-benefit analysis]] |
| - | + | * [[Deadweight loss]] | |
| - | The mathematical fair division problem is an idealization of those real life problems. The theory of fair division provides explicit criteria for various different types of fairness. Its aim is to provide procedures ([[algorithm]]s) to achieve a fair division, or prove their impossibility, and study the properties of such divisions both in theory and in real life. | + | * [[Laffer curve]] |
| - | + | * [[Pareto efficiency]] | |
| - | == See also == | + | * [[Positive economics]] |
| - | * [[Alan D. Taylor]] | + | * [[Social justice]] |
| - | * [[Brams–Taylor procedure]] | + | * [[Taxation as theft]] |
| - | * [[Equity (economics)]] | + | |
| - | * [[Fair cake cutting]] | + | |
| - | * [[Game theory]] | + | |
| - | * [[Justice (economics)]] | + | |
| - | * [[International trade]] | + | |
| - | * [[Knapsack problem]] | + | |
| - | * [[Nash bargaining game]] | + | |
| - | * [[Price of fairness]] | + | |
| - | * [[Proportional division]] | + | |
| - | * [[Pizza theorem]] | + | |
| - | * [[Sperner's lemma]] | + | |
| - | * [[Spite]] | + | |
| - | * [[Steven Brams]] | + | |
| - | * [[Topological combinatorics]] | + | |
| - | * [[Tragedy of the anticommons]] | + | |
| - | * [[Tragedy of the commons]] | + | |
| - | * [[Weakly additive]] | + | |
| {{GFDL}} | {{GFDL}} | ||
Revision as of 19:37, 27 November 2017
|
Related e |
|
Featured: |
Justice in economics is a subcategory of welfare economics with models frequently representing the ethical-social requirements of a given theory, whether "in the large", as of a just social order, or "in the small", as in the equity of "how institutions distribute specific benefits and burdens".
See also
- Constitutional economics
- Cost-benefit analysis
- Deadweight loss
- Laffer curve
- Pareto efficiency
- Positive economics
- Social justice
- Taxation as theft
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Economic justice" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
